Ultra Clean - UCTT Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" UCTT shares.
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3 analysts have issued 12 month target prices for Ultra Clean's stock. Their UCTT share price forecasts range from $32.00 to $39.00. On average, they anticipate the company's stock price to reach $36.20 in the next twelve months. This suggests that the stock has a possible downside of 1.4%.
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Ultra Clean's stock was trading at $33.15 at the beginning of the year. Since then, UCTT shares have increased by 10.8% and is now trading at $36.72.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Ultra Clean Holdings, Inc. (NASDAQ:UCTT) announced its quarterly earnings results on Tuesday, October, 26th. The semiconductor company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.06. The semiconductor company earned $553.60 million during the quarter, compared to analyst estimates of $541.53 million. Ultra Clean had a net margin of 2.40% and a trailing twelve-month return on equity of 19.87%. The firm's quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS.

Ultra Clean updated its fourth quarter 2022 earnings guidance on Monday, January, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $560.00 million-$570.00 million, compared to the consensus revenue estimate of $626.11 million.

35 employees have rated Ultra Clean Chief Executive Officer Jim Scholhamer on Glassdoor.com. Jim Scholhamer has an approval rating of 56% among the company's employees. This puts Jim Scholhamer in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ultra Clean investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intelsat (I), Bank of America (BAC), Block (SQ), AMC Entertainment (AMC), Hello Group (MOMO), Cypress Semiconductor (CY) and Fossil Group (FOSL).

Ultra Clean trades on the NASDAQ under the ticker symbol "UCTT."

Ultra Clean's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (1.62%), Congress Asset Management Co. MA (1.10%), Peregrine Capital Management LLC (0.81%), Pinnacle Associates Ltd. (0.79%), Pinnacle Associates Ltd. (0.79%) and CapWealth Advisors LLC (0.40%). Insiders that own company stock include Chris Siu, Clarence L Granger, David T Ibnale, Emily M Liggett, Jacqueline A Seto, James P Scholhamer, Jamie J Palfrey, Joan Sterling, Paul Yoonku Cho, Sheri Savage, Thomas T Edman, Vijayan S Chinnasami and William Joe Williams.
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Shares of UCTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UCTT stock can currently be purchased for approximately $36.72.

Ultra Clean (NASDAQ:UCTT) has a market capitalization of $1.67 billion and generates $2.10 billion in revenue each year. The semiconductor company earns $119.50 million in net income (profit) each year or $1.26 on an earnings per share basis.

The company employs 7,066 workers across the globe.

Ultra Clean's mailing address is 26462 CORPORATE AVENUE, HAYWARD CA, 94545. The official website for the company is www.uct.com. The semiconductor company can be reached via phone at (510) 576-4400, via email at investors@uct.com, or via fax at 510-576-4401.